CD Projekt — Management Reports 2018

Oct 16, 2018

Current report No. 19/2018

Subject: Disclosure of information concerning initiation of negotiations

Legal basis: Art. 17 of the Market Abuse Regulation (MAR) - insideinformation

The Management Board of CD PROJEKT S.A., headquartered in Warsaw(hereinafter referred to as "the Company") hereby publicly disclosesinside information which had previously been subject to delayeddisclosure under Art. 17 section 4 of the Regulation (EU) No 596/2014 ofthe European Parliament and of the Council of 16 April 2014 on marketabuse (market abuse regulation) and repealing Directive 2003/6/EC of theEuropean Parliament and of the Council and Commission Directives2003/124/EC, 2003/125/EC and 2004/72/EC (hereinafter referred to as"MAR").

On 7 March 2018 the Company Board undertook a decision to proceed withdelayed disclosure of information pertaining to initiation ofnegotiations with Bandai Namco Entertainment Europe S.A.S with aregistered office at 49-51 rue des docks, 69252 Lyon, France. Thesenegotiations concern distribution of Cyberpunk 2077 throughout theAndorra, Austria, Belgium, Cyprus, Denmark, Finland, France, Germany,Greece, Iceland, Ireland, Italy, Liechtenstein, Luxembourg, Monaco,Malta, Norway, Portugal, San Marino, Spain, Sweden, Switzerland, TheNetherlands, and United Kingdom.

In the Board's opinion immediate disclosure of information concerningthe abovementioned negotiations would prejudice the Company's legitimateinterests, jeopardize the negotiations themselves and have a detrimentaleffect upon their outcome. This, in turn, would impact both existing andpotential future shareholders of the Company.

Pursuant to Art. 17 section 4 paragraph 3 of MAR, the Company filed anotice of delayed disclosure of the abovementioned inside informationwith the Financial Supervision Authority. In doing so, the Companyjustified its view that the reasons to seek delayed disclosure of insideinformation specified in Art. 17 section 4 items a) - c) of MAR apply inthe presented case.

The matter is regarded as inside information due to the fact that theestimated value of liabilities subject to the abovementionednegotiations exceeds 10% of the consolidated assets of the Capital Group.

Disclaimer:

This English language translation has been prepared solely for theconvenience of English speaking readers. Despite all the efforts devotedto this translation, certain discrepancies, omissions or approximationsmay exist. In case of any differences between the Polish and the Englishversions, the Polish version shall prevail. CD PROJEKT, itsrepresentatives and employees decline all responsibility in this regard.